Mortgages
Abbey cuts rates on fixed and flexible deals
From Thursday, (21 August) Abbey is reducing the rate on its two and three year fixed rate mortgages by up to 0.25 per cent.
Gross mortgage lending subdued in July
Gross mortgage lending totalled an estimated £24.8 billion in July, up 5% from June and down 27% from July a year ago, according to the Council of Mortgage Lenders.
Mortgage swings and roundabouts
Over the past year we have seen a shift in the way lenders source their profits from rates and fees.
RBS & NatWest launch exclusive fixed & tracker rates
RBS and NatWest have launched a brand new range of fixed and tracker rate mortgage deals, exclusively for existing mortgage customers.
first direct launches new offset mortgage
first direct has launched a market leading fee free offset base rate tracker mortgage at a rate of 0.99% above the Bank of England Base rate for the life of the loan, currently 5.99%.
Mortgage war is 'great news'
According to The Times, the UK's two biggest mortgage lenders, Halifax and Abbey, have entered a price war with each other to attract new mortgage customers, marking the first instance where the two lenders have aggressively gone to war for new borrowers.
The Cheshire slashes rates on fixed rate mortgages
Cheshire Building Society has slashed the rates on the majority of its fixed rate mortgages by 0.50%, offering borrowers competitively priced options to suit a range of needs.
AfI expands exclusive range
New research from Abbey for Intermediaries (AfI) shows that the intermediary mortgage market has seen around 57 per cent fall in the number of lenders offering exclusive products since last year.
Skipton launches new Stepped Fixed Rate mortgages
Skipton Building Society has launched two innovative fixed rate mortgages. The two 5-year fixed rate mortgage products, ‘Stepping up' and ‘Stepping Down', offer the protection and value of our existing 5-year fixed rate but annual steps make them more suitable for borrowers with changing lives.
moneysupermarket.com: Ministry of Justice repossession figures
Commenting on the Ministry of Justice repossession figures, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Sadly these figures come as no surprise. The rising cost of borrowing and tightening of lender criteria was always going to hit the most vulnerable borrowers hardest and fastest.
Newcastle Building Society launches new mortgage deals
Newcastle Building Society has bucked the trend and announced the launch of 20 new market-leading products, three of which are best buys, with competitive rates starting at 5.65%.
The Cheshire slashes rates on fixed rate mortgages
Cheshire Building Society has slashed the rates on the majority of its fixed rate mortgages by 0.50%, offering borrowers competitively priced options to suit a range of needs.
A borrower's survival guide
Household finances have been badly stretched in the past year as the cost of energy has increased by 17% and the cost of food by 12%. And the credit crunch means that the cost of new mortgages has increased, there are fewer mortgages available to choose from, and they are more difficult to obtain.
Fixed rates reduced at Yorkshire Building Society
Yorkshire Building Society is launching a new range of 2, 3, 5, and 10 year ‘best buy' fixed rate mortgages with reductions of up to 0.45% from the current range.
Just Retirement removes fees on equity release range
Just Retirement, the equity release specialist, has announced the removal of up-front fees for its range of equity release mortgages, effective from 14 August 2008 and lasting until 31 December 2008.